Alberta Investment Management Corp Raises Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Alberta Investment Management Corp lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 91.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,600 shares of the credit services provider’s stock after buying an additional 20,800 shares during the period. Alberta Investment Management Corp’s holdings in PayPal were worth $3,721,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PYPL. Relyea Zuckerberg Hanson LLC boosted its holdings in PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after acquiring an additional 3,976 shares during the last quarter. World Investment Advisors LLC purchased a new position in PayPal during the third quarter worth about $387,435,000. United Advisor Group LLC bought a new stake in PayPal in the 3rd quarter worth about $810,000. FCG Investment Co purchased a new stake in PayPal in the 3rd quarter valued at about $1,079,000. Finally, Equity Investment Corp lifted its position in shares of PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after buying an additional 67,497 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 0.9 %

Shares of NASDAQ:PYPL opened at $77.63 on Friday. The firm has a fifty day moving average price of $85.73 and a two-hundred day moving average price of $80.55. The company has a market cap of $76.79 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $1.48 earnings per share. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PYPL shares. Monness Crespi & Hardt increased their price target on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Macquarie raised their target price on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Canaccord Genuity Group boosted their price target on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley decreased their price objective on shares of PayPal from $90.00 to $79.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company boosted their target price on shares of PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Thirteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average price target of $90.52.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.